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Ripple tests the support – Analysis - 22-01-2018
Ripple price declined to test the key support 1.29 and settles near it, reminding you that this level is important to detect the next trend, as breaking it will push the price to visit 0.67 areas mainly, while on the other hand, breaching 1.68 will push the price to achieve gains that start at 1.99 and extend to 2.30.
Therefore, we prefer to continue with our neutrality until the price confirms breaching one of the mentioned levels to detect the next targets clearly.
Expected trading range for today is between 1.00 support and 1.75 resistance
Expected trend for today: Depends on the above mentioned levels
Thanks for your feedback.
Bitcoin touches the first target – Analysis - 22-01-2018
Bitcoin price managed to touch our first main target at 12852.00, as it found solid resistance there that forced the price to rebound bearishly to test the key support base 11160.00, noting that the price begins to provide positive trades now that hint the attempt to resume the bullish trend again.
MoreEthereum attacks the resistance – Analysis - 22-01-2018
Ethereum price attempted to breach 1068.00 level but it could not manage to hold for long time above it, to fluctuate around this level again, accompanied by stochastic gaining the positive momentum on the four hours’ time frame, waiting to motivate the price to confirm breaching the mentioned level and open the way to visit our next target at 1204.00.
MoreUSDCHF finds solid support – Analysis - 22-01-2018
The USDCHF pair found solid support at 0.9564 barrier, which forced the price to rebound bullishly to approach testing the key resistance 0.9655, met by the EMA50 to add more strength to it, while stochastic shows clear overbought signals now.
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